89
89
Feb 1, 2013
02/13
by
KCSMMHZ
tv
eye 89
favorite 0
quote 0
greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought
greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents...
56
56
Feb 1, 2013
02/13
by
CNBC
tv
eye 56
favorite 0
quote 0
next is the eu settlement. they sent their proposals to the eu so now that's going to be another tail wind for them versus the head winds they've seen waiting on those settlement issues. >> you can grab that guy grasso and we can arrange a little something. rumor has it that happens from time to time. >> i know where he is. one of my friends just threw him down the stairs. the camera couldn't turn in time. >> steven, sitting right to my right, weis, complaining you're cutting into his air time. >> exactly right. >> grasso, have a good weekend. catch you next week. >> enjoy yourselves. >> interesting buy that he made on goog right? a big cap tech. >> and a lot of guts because it is within 50 cents. it got within 50 cents today of the all time high. october 5th, 774.38. we got up within that much of it today. i hope that steven and the rest of the longs and goog get to enjoy the ride. >> it is so interesting there was a time where you thought that apple and google would make this tandem climb higher and then goog
next is the eu settlement. they sent their proposals to the eu so now that's going to be another tail wind for them versus the head winds they've seen waiting on those settlement issues. >> you can grab that guy grasso and we can arrange a little something. rumor has it that happens from time to time. >> i know where he is. one of my friends just threw him down the stairs. the camera couldn't turn in time. >> steven, sitting right to my right, weis, complaining you're cutting...
131
131
Feb 1, 2013
02/13
by
CNBC
tv
eye 131
favorite 0
quote 0
. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown on corruption. in the auto world, toyota says its china sales are looking up. the world's largest carmaker sold more than 72,000 vehicles in china in january. that's up 24% from a year ago. it was toyota's first year on year growth since june 2012 in the country. anti-japanese sentiment has been hurting sales in china. but on the domestic front, toyota sales slipped 15% in january as government incentives expired. honda suffered an even steeper 53% drop. and staying with japan, we're seeing a couple of old school japanese electronics. toshiko has the story for us. >> hi, ross. struggling japanese electron
. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown...
131
131
Feb 8, 2013
02/13
by
CNBC
tv
eye 131
favorite 0
quote 0
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
237
237
Feb 4, 2013
02/13
by
CNBC
tv
eye 237
favorite 0
quote 0
we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we've seen at the moment is we live on the principal hope that the eurozone might grow itself or stabilize itself out of the crisis, a far cry yet for spain, but the latest refinancing operation in the various eurozone countries, including at the short end of the range for spain looks like a bit of relief. no relief in terms of the actual solving of the problems, but we'll hear none of that tonight. >> as we've learned, that's often the case with these situations. sylvia, thanks very much for that. tina fordham is still with us. from your point of view, how important is today's meeting? how important b
we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we've...
99
99
Feb 18, 2013
02/13
by
CNBC
tv
eye 99
favorite 0
quote 0
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
97
97
Feb 14, 2013
02/13
by
FBC
tv
eye 97
favorite 0
quote 0
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....
109
109
Feb 7, 2013
02/13
by
CNBC
tv
eye 109
favorite 0
quote 0
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out...
113
113
Feb 26, 2013
02/13
by
CNBC
tv
eye 113
favorite 0
quote 0
take out of yesterday's market action is that we're going to see a lot of language coming out of the eu over the next couple of months until this is settled that will have italy saying we're going to repudiate the policies you've seen and you'll have ben draghi and merkel coming in and saying we're getting tougher. so, the markets are in trouble. >> more back-and-forth volatility. >> but the issues are youaustey stair you atarity here and there. >> our thanks to steve liesman as always, and we're back in two minutes. >>> the nasdaq at its lowest level in more than a month. should you be buying the dip there? and home prices post their biggest gain since 2006. we're tackling the housing trade when the "half" comes back. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our i
take out of yesterday's market action is that we're going to see a lot of language coming out of the eu over the next couple of months until this is settled that will have italy saying we're going to repudiate the policies you've seen and you'll have ben draghi and merkel coming in and saying we're getting tougher. so, the markets are in trouble. >> more back-and-forth volatility. >> but the issues are youaustey stair you atarity here and there. >> our thanks to steve liesman...
90
90
Feb 26, 2013
02/13
by
FBC
tv
eye 90
favorite 0
quote 0
we're no longer worried, i think, about our economy being overwhelmed either by europe or at large the eu or china somehow swallowing up every bit of innovation that exists in the world. they're no longer, i think, worried about our -- our economy being overwhelmed beyond our shores. stuart: a little awkward on the timing there and finally, ben bernanke will give his update on the economy to congress today. is he going to keep printing money to make up for the dire spending cuts that could start friday or to protect the economy against europe? what's he going to do? is he going to keep printing money or not? we'll be here right at ten o'clock to find out exactly what he's going to do. it will affect the market. all right, next, we're following up on the big story, the big stock selloff and ask, why do the italians have such a big impact on our money and plus, the governor of kansas, we'll ask sam brownback his push to eliminate the income tax. and i've got good news on housing, too. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.
we're no longer worried, i think, about our economy being overwhelmed either by europe or at large the eu or china somehow swallowing up every bit of innovation that exists in the world. they're no longer, i think, worried about our -- our economy being overwhelmed beyond our shores. stuart: a little awkward on the timing there and finally, ben bernanke will give his update on the economy to congress today. is he going to keep printing money to make up for the dire spending cuts that could...
64
64
Feb 22, 2013
02/13
by
CNBC
tv
eye 64
favorite 0
quote 0
they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, james bullard today on squawk box. >> it is very easy and it will stay easy for a long time. i think policy is much easier than it was last year because i think that the outright purchases are more potent tool than the twist program was, and we replaced the twist program with the outright purchases. i don't think the market has absorbed that switch. >> giving you their analysis of those signs in a moment. but first, let's focus on the price action we have heading into the weekend. bob pisani has that. >> remember we started falling apart when we had the fed minutes at 2:00 p.m. wednesday. that's when the market changed and it changed around when bullard said they would stay for a long time. i think bernanke will imply that next week in his testimony. take a look at the dow. this is what you saw throughout january into february, up until wednesday. slow melt up into the afternoon again. starting to get close to the hi
they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, james bullard today on squawk box. >> it is very easy and it will stay easy for a long time. i think policy is much easier than it was last year because i think that the outright purchases are more potent tool than the twist program was, and we replaced the twist program with the outright purchases. i don't think the market...
324
324
Feb 8, 2013
02/13
by
CNBC
tv
eye 324
favorite 0
quote 0
in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't sur
in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a...
174
174
Feb 4, 2013
02/13
by
CNBC
tv
eye 174
favorite 0
quote 0
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...
204
204
Feb 11, 2013
02/13
by
CNBC
tv
eye 204
favorite 0
quote 0
we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows. who knows. i think we got it right, but who knows why he wasn't. one reason is because what they've done with the oscars now is increased the best film from five up to ten. now you have i think it's nine nominations this year. of course you're going to get a mismatch because there aren't the same number of films that there were directed. >> mark, good to see you. thanks so much, indeed. >> thanks for coming by. >> always a very good turn out, as well. >> i still think silver linings with a different name would have done so well. >>> anyway, the clearing up is occurring after
we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows....
109
109
Feb 13, 2013
02/13
by
FBC
tv
eye 109
favorite 0
quote 0
connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are calling hypocrisy. jack lew is saying he would like to get both individual and business tax reform done. republicans have been floating at the corporate side at 25%. it would be challenging to get there. he would like to, on the individual side, raise some revenue. he says he is looking forward to working with lawmakers on overhauling both the individual and corporate tax codes. something that will probably take an awful long time here. dagen: thank you. rich edson in washington. connell: we have charlie rangel coming up. you probably heard the president talking about a higher animal wage. we will hear
connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are...
202
202
Feb 8, 2013
02/13
by
CNBC
tv
eye 202
favorite 0
quote 0
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
260
260
Feb 13, 2013
02/13
by
CNBC
tv
eye 260
favorite 0
quote 0
he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration discussion. >> yeah. >> i think this whole matter should have been resolved years ago. i still think it should be resolved and resolved quickly. thick this who i think this whole focus protecting the border, et cetera. nobody's coming to the united states anymore. the jobs aren't here. in reference to your comments about the president's speech last night, i think this whole direction of renaissance of manufacturing is wonderful. it's terrific. the only problem is we don't have the talented -- we don't have the bodies. so if i were betting, i would say the more the president encoura encourages domestic
he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration...
100
100
tv
eye 100
favorite 0
quote 0
google has been really the focus of this three-year investigation that has been going on in the eu and to its search business there, the dominance of the google search engine. also helping the stock move higher today, brooke, wireless carriers activating a million android devices per day, giving apple a run for its money. >> good for those folks who got in when getting was good in '04. alison kosik, thank you. >>> broad picture, let's talk to jill schlessinger. jill, i knew i liked you. i was reading a piece today where you quoted the grateful dead in talking about the ups and downs of the dow jones. give me that line. >> it has been a long, strange trip. come on, now. just think about this, in the summer of 2007, we first crossed 14,000. and that was well before anyone really, the broad public understood we're about to become sucked into the precipice of disaster by the financial sector. so, of course, 14,000 doesn't feel quite as good this time around and frankly a lot of retail investors have not yet gotten back into the market after these last five or six bruising years, who could
google has been really the focus of this three-year investigation that has been going on in the eu and to its search business there, the dominance of the google search engine. also helping the stock move higher today, brooke, wireless carriers activating a million android devices per day, giving apple a run for its money. >> good for those folks who got in when getting was good in '04. alison kosik, thank you. >>> broad picture, let's talk to jill schlessinger. jill, i knew i...
180
180
Feb 21, 2013
02/13
by
CNBC
tv
eye 180
favorite 0
quote 0
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
230
230
Feb 15, 2013
02/13
by
CNBC
tv
eye 230
favorite 0
quote 0
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the referendum what does it mean tor
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more...